tmt play Dusit Hotel to debut in Bukidnon, CDO

Dusit Thani Lubi Plantation Resort offers beachfront luxury where gracious hospitality meets tropical elegance.

Boutique developer Italpinas Development Corp. (IDC) will soon carry Dusit-branded hotels at its Mindanao developments in hopes of meeting hospitality and tourism demand in the country’s second-largest island group.

IDC on Monday said its subsidiary, IDC Prime, had signed agreements with Dusit Thani Public Co. Ltd. and Dusit Thani Philippines Inc. for the global hospitality giant to operate hotels in Bukidnon province and Cagayan de Oro City.

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“Dusit International’s name and track record speak for themselves … It is deservedly among the world’s most prestigious hotel brands, and it is an honor for us to be partnering with them,” IDC president Jojo Leviste said in a statement.

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According to the company, the Dusit-branded hotels will rise within Moena Mountain Estate in Manolo Fortich and Firenze Green Tower in Cagayan de Oro City.

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Both “green” projects are set to be completed by the last quarter of 2029.

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The 1.5-hectare Moena project is IDC’s upcoming mixed-use development that will feature an eight-story building, which will include residential and hotel areas, as well as luxury villas.

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It will be located near Barangay Dahilayan, known for its adventure park and Del Monte Pineapple plantations.

Likewise, the 14-story Firenze tower in downtown Cagayan de Oro will have commercial, residential and hotel areas, IDC said.

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Dusit International chief operating officer Gilles Cretallaz said the Philippines “presents tremendous opportunities,” especially due to its position as one of the fastest-growing economies in Southeast Asia.

Data from Leechiu Property Consultants show that 8 percent of the upcoming hotel projects in the country will be located in Mindanao as developers ramp up investments in key areas outside Metro Manila.

This comes after IDC welcomed a new investor and partner to drive its nationwide expansion.

IDC said businessman Benjamin Tan Co had bought P187.93 million worth of the company’s shares, equivalent to a 15-percent stake, via private placement.

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The company had already engaged with Cotmt play, whose family has several landholdings in the country, for a project in Puerto Princesa, Palawan.

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